Is the SBA going to be around?

April 04, 2025
by a professional from Embry-Riddle Aeronautical University in Orlando, FL, USA
I heard that there was a 40% reduction in staff at the SBA
I wanted to start a health discussion about SBA - here we go!
I found this article. https://www.sba.gov/article/2025/03/27/sba-initiates-actions-reverse-biden-era-mismanagement-core-7a-lending-program Is the SBA going to be around? Has anyone received an SBA loan in the past few weeks?
I found this article. https://www.sba.gov/article/2025/03/27/sba-initiates-actions-reverse-biden-era-mismanagement-core-7a-lending-program Is the SBA going to be around? Has anyone received an SBA loan in the past few weeks?
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
There are a lot of other things the SBA does. It is not clear where the cuts are at. The SBA also staffed up quite a bit during the pandemic for the EIDL loan program and the paycheck protection program. It is not clear, but there could be excess staff in those programs still as well. Lastly, the majority of banks doing SBA 7A lending are what are referred to as Preferred Lender Providers (PLP). With this status when they approve a loan it is automatically approved with the SBA. They just need to pull an authorization number from the SBA which is largely an electronic process and is just verification on other government debt levels out there.
We have SBA loans closing just about every week, so deals are still getting done. Please let me know if you have additional questions here or directly at redacted
in Falmouth, MA, USA